Chris Muronzi

Harare

Financial Journalist at Al Jazeera English

Experienced financial journalist, editor & writer and international correspondent @AJEnglish , Financial Mail (SA), Quartz (US). Former business editor @Zim Ind

Articles

Zimbabwe says gold-backed currency stable but investor doubts persist

1 week ago | dailydispatch.co.za | Chris Muronzi |Colleen Goko

The Reserve Bank of Zimbabwe on Monday kept its benchmark rate unchanged at 35%, citing a stable exchange rate as one of the reasons, and reported total reserves of $701m (R12.63bn). File photo. Zimbabwe's gold-backed currency now has more than 100% reserve cover and is stable, according to the central bank, but doubts over its credibility remain, underscored by a persistent premium in the parallel market.
Zimbabwe says gold-backed currency stable but investor doubts persist

1 week ago | reuters.com | Chris Muronzi |Colleen Goko

A vendor shows a twenty Zimbabwe gold-backed (ZIG) note along a street in Harare, Zimbabwe, July 17, 2024.
Zimbabwe’s Kuvimba Mining seeks $950mln in financing

1 month ago | zawya.com | Chris Muronzi

Zimbabwe’s Kuvimba Mining House is seeking to raise $950 million to invest in raising its gold and lithium output, CEO Trevor Barnard said at a mining conference in Victoria Falls. “First and foremost we need funding,” Barnard said. “We require a significant amount of funding to make our businesses work.” Barnard didn’t disclose the potential investors Kuvimba has engaged to raise the financing and how long the process will take.
OK Zimbabwe's majority shareholders back $30mlm rights issue, CEO says

1 month ago | zawya.com | Chris Muronzi

Grocery retailer OK Zimbabwe Ltd's majority shareholders have agreed to back a $30m rights issue to cover a "funding gap" and stabilise the company's financial position, its chief executive said. "Most of the top five shareholders have indicated interest in following their rights," CEO Willard Zireva told Reuters on Wednesday, 7 May 2025.
OK Zimbabwe's majority shareholders back $30m rights issue, CEO says

1 month ago | bizcommunity.com | Chris Muronzi

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies Grocery retailer OK Zimbabwe Ltd's majority shareholders have agreed to back a $30m rights issue to cover a "funding gap" and stabilise the company's financial position, its chief executive said. Source: Reuters/Siphiwe Sibeko"Most of the top five shareholders have indicated interest in following their rights," CEO Willard Zireva told Reuters on Wednesday, 7 May 2025.
Jo Stak. La Cina mi ama

1 month ago | internazionale.it | Chris Muronzi

Era il 2017 e Jo Stak, con una giacca rossa, un papillon e una lobbia, intonava una canzone in mandarino. Le luci rosse e gialle lampeggiavano intorno a lui, mentre il pubblico della versione cinese di The Voice sventolava bandiere. Alla fine dell’esibizione ha ricevuto una standing ovation. Quella sera la sua interpretazione di una canzone cinese del 1992 intitolata “Il mondo ha bisogno di cuori caldi” è stata trasmessa dalla tv nazionale.
OK Zimbabwe's majority shareholders back $30m rights issue, CEO says

1 month ago | bizcommunity.ug | Chris Muronzi

2 days7 days30 daysBy Industry Show moreAdvertise your job vacancies Grocery retailer OK Zimbabwe Ltd's majority shareholders have agreed to back a $30m rights issue to cover a "funding gap" and stabilise the company's financial position, its chief executive said. Source: Reuters/Siphiwe Sibeko"Most of the top five shareholders have indicated interest in following their rights," CEO Willard Zireva told Reuters on Wednesday, 7 May 2025.
The Zimbabwean singer who found fame in China

2 months ago | aljazeera.com | Chris Muronzi

Harare, Zimbabwe - It was 2017 and Jo Stak - wearing a red tuxedo jacket, a bow tie and a homburg hat - was belting out a Mandarin song. Red and yellow lights shimmered around him as a crowd of cheering, flag-waving fans on the Chinese version of The Voice gave a standing ovation at the end of his act. Stak's melodious rendition of a 1992 Chinese song called The World Needs Warm Hearts was broadcast on national television.
Starlink in Zimbabwe sells out as demand overwhelms supply

Dec 12, 2024 | restofworld.org | Chris Muronzi

When Alois Kachere decided to order a Starlink kit after the company’s launch in Zimbabwe in September, he hoped to be the first person in his neighborhood to get the high-speed internet terminal. But others had beat him to it: “Starlink is at capacity in your area,” he read on the website. Starlink kits were sold out where Kachere lived in Harare, Zimbabwe’s capital city.
The Chinese takeover of Zimbabwe’s trucking sector

Oct 2, 2024 | businesslive.co.za | Chris Muronzi

Many state schools are struggling and underresourced. But one of them has shown that with determination and planning they can be made to flourish, financially and academically